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What Documents Do You Need to Provide for a Business Audit?
Preparing for an audit can feel overwhelming if you’re not sure what documents to gather. Whether you’re undergoing an external statutory audit or an internal review, having the right records in place will make the process more efficient. In the UAE, where financial transparency and compliance are essential, especially with the introduction of corporate tax, it’s important to stay audit-ready.
Key Documents Required for an Audit
To start, you will need to provide your business’s main financial statements:
- Income Statement (Profit and Loss Statement)
- Balance Sheet
- Cash Flow Statement
- Statement of Changes in Equity (if applicable)
Supporting Financial Records
You will also need to gather documents that support the information in your financial statements:
- Bank account statements for the financial year
- Sales invoices and receipts
- Purchase invoices and supplier payments
- Payroll records, including salary details and end-of-service calculations
- VAT returns and supporting documents if VAT registered
- Corporate tax-related documents if corporate tax registration has been completed
Operational and Compliance Records
Additional records related to business operations and compliance may be requested:
- Major contracts and agreements such as lease or supplier contracts
- Inventory records or fixed asset registers
- Loan agreements or financing documents
- Board meeting minutes or internal approvals for key transactions
How Can Choose UAE Help
Choose UAE helps businesses stay audit-ready with organized financial records, accurate bookkeeping and accounting, and full support for VAT registration, corporate tax registration, and VAT and corporate tax filing. Our straightforward plans are tailored to your business, backed by a 5-star rated track record. If you’re unsure about compliance or want to check for tax penalties, get our FTA penalties assessment. Book your free 30-minute accounting consultation today.
What Makes Us Stand Out?
- Affordable & Transparent Pricing
- Simple & Practical Accounting Packages
- Beyond Typical Accounting
- Focused & To-The-Point Compliance
- Proven Track Record – 5-Star Rated
